Cymatic Trader Community

[ThomasAJ]

Hi

Hm I probably don't know how this betting on both sides works.

I started the robot and the stake is $2. As you can see below by following the time-stamp a Lay @ 2.54 (18:39:27) followed by a Back @ 2.56 was made. I thought that is a profit but my account statement showed no profit.
Then a Back @ 2.54 (18:39:39) followed by a Lay @ 2.52 was made. No profit.
Ignore Back 18:39:42
Then a Back @ 3.05 (18:42:09) followed by a Lay @ 3.00 was made. No profit.
Ignore Back 18:42:25

Do I have to cash-out or close off or something like that? I thought each pair of back high / lay low pair matches generated a profit?

Also in the vertical graph area during pre-race I had a green $7+ near the red X. I thought this was profit already in the bank? But at the end of the race in the statement area each Back/Lay pair netted $zero. BTW I realize I must have been dreaming as how could it possible be $7+ green with such small bets.
(The 2 'Ignore Backs' above were losses as the horse loss but I know I mucked up as I think I cancelled pending lay bets not realizing that the 2 back bets were already matched.)

BetHist01.jpg

[Gavin]

Unless you green up (which works the same as clicking 'Cash Out' on the Betfair website) then you will only realise the profit if the selection wins.

To in your example, if you built up £7 of potential profit by doing several trades on one selection, you would only get that profit it the selection won the race.

Look at the grid interface (where each horse is shown in a separate row in the main window). You would have seen £7 on one horse and zero on the others (assuming you had only being betting on one horse).

Greening up spreads that potential profits across all selections, thus guaranteeing you win money regardless of which horse wins.

Kind regards,

Gavin

[ThomasAJ]

Thanks Gavin

Apologies for the really dumb Q as I'm not normally so thick.

Now I remember (24 hrs later) that I ran the robot on 2 runners (different races AND the first time I had run the robots).

The first runner won and the second did not.

I won $s on the first and was confused as to why the second did not get me $s.

ha ha ha

[Gavin]

No problem